Corporationize: meaning, definitions and examples
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corporationize
[ ˈkɔːrpəreɪʃənaɪz ]
business context
To corporationize means to transform a business or organization into a corporation. This process often involves legally restructuring the entity to gain benefits such as limited liability and corporate status, which can enhance its ability to raise capital and grow. The term is often used in discussions about business development and organizational strategy.
Synonyms
establish, formalize, incorporate
Examples of usage
- The startup plans to corporationize within the next year.
- She hopes to corporationize her freelance work to attract investors.
- Many businesses choose to corporationize to improve their market competitiveness.
Etymology
The term 'corporationize' is derived from 'corporation', which originates from the Latin word 'corporatio', meaning a group of people constituting a legal entity. This Latin root itself comes from 'corpus', meaning body. The act of corporationizing is closely tied to the historical development of business entities in law, allowing individuals to pool resources and limit their personal liability. Over time, as businesses grew and the economy evolved, the need for formal structures led to the widespread use of corporations as a preferred business model. The verb 'corporationize' started being used more prominently in the 20th century as entrepreneurship and business formalization became more common, allowing for a greater understanding of the dynamics involved in creating a corporation. It emphasizes the shift from informal business operations to a structured corporate framework.